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GDP, nonfarm payrolls, and manufacturing PMI data due this week

EditorFrank DeMatteo
Published 28/10/2024, 11:02
© Reuters.

As traders approach another pivotal week for financial markets, a series of crucial economic data releases that could sway market dynamics are expected. On Tuesday, the market will get data on JOLTs Job Openings, providing insights into labor market conditions. On Wednesday, they will hear about the ADP Nonfarm Employment Change, offering a preview of the official jobs report. The week culminates with the highly anticipated Nonfarm Payrolls report on Friday, which could significantly impact market sentiment.

Major Economic Events to Watch

• Tuesday, Oct 29, 10:00 AM ET: JOLTs Job Openings (Previous: 8.040M)

• Tuesday, Oct 29, 10:00 AM ET: CB Consumer Confidence (Forecast: 98.8, Previous: 98.7)

• Wednesday, Oct 30, 8:15 AM ET: ADP Nonfarm Employment Change (Forecast: 120K, Previous: 143K)

• Wednesday, Oct 30, 8:30 AM ET: GDP (Forecast: 3.0%, Previous: 3.0%)

• Wednesday, Oct 30, 10:00 AM ET: Pending Home Sales (Previous: 0.6%)

• Wednesday, Oct 30, 10:30 AM ET: EIA Crude Oil Inventories (Previous: 5.474M)

• Thursday, Oct 31, 8:30 AM ET: Core PCE Price Index (Previous: 0.1%)

• Thursday, Oct 31, 8:30 AM ET: Initial Jobless Claims (Previous: 227K)

• Friday, Nov 1, 8:30 AM ET: Nonfarm Payrolls (Forecast: 140K, Previous: 254K)

• Friday, Nov 1, 8:30 AM ET: Unemployment Rate (Forecast: 4.1%, Previous: 4.1%)

• Friday, Nov 1, 8:30 AM ET: Average Hourly Earnings (Forecast: 0.3%, Previous: 0.4%)

• Friday, Nov 1, 10:00 AM ET: ISM Manufacturing PMI (Forecast: 47.6, Previous: 47.2)

• Friday, Nov 1, 10:45 AM ET: Manufacturing PMI (Forecast: 47.8, Previous: 47.3)

For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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